Business, 09.03.2020 20:13 kokokakahi

A manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $40,000, while a market researcher receives $20,000. The marginal contributions of engineers and market researchers are:

Engineers (E) Market Researchers (R)
Worker Additional Worker Additional
New Products New Products
1st 240 1st 80
2nd 200 2nd 70
3rd 160 3rd 60
4th 100 4th 50
5th 40 5th 40

How should a manager with an annual budget of $140,000, allocate this budget in order to maximize the number of new products developed?

a. Hire one engineer and five market researchers
b. Hire two engineers and three market researchers
c. Hire three engineers and one market researcher
d. Hire four engineers and four market researchers

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:30

Processors can be or which is an indicator of how much data the processors can handle at a given point in time, with the processor being more powerful.

Answers: 2

Answer

Business, 22.06.2019 11:20

In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i

Answers: 2

Answer

Business, 22.06.2019 13:20

In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.

Answers: 3

Answer

Business, 22.06.2019 16:30

Which of the following has the largest impact on opportunity cost

Answers: 2

Answer

You know the right answer?

A manager in charge of new product development can hire engineers and market researchers. The annual...

Questions